Try, try again; Siemens CEO fights to recharge firm and keep his job. (Heinrich von Pierer)

Article Abstract:

Germany's telecommunications equipment and electronics giant Siemens AG needs to be profitable again. This will be the underlying message of CEO Heinrich von Pierer as he addressses the annual meeting of the shareholders. He would present a 10-point plan to reorganize the company and return it to profitability. Von Pierer would emphasize the 12% increase in the company's net income for the first quarter ending December 31, 1998 as a move in the right direction..

Comment:

Siemens AG CEO Heinrich von Pierer presents a 10-point plan to bring company back to profitability

General services, Communications Equipment, Telecommunications Equipment, Communications Equipment Manufacturing, Management, Telecommunications equipment industry, Telecommunications systems, Siemens AG, Von Pierer, Heinrich

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Deutsche Telekom shares soar on hints of listings

Article Abstract:

Deutsche Telekom AG saw its share value increase by 6.5% as the company plans to list its mobile communications and Internet operations. Deutsche Telekom's plan is part of its global expansion strategy. Ron Sommer, the chief executive officer of Deutsche Telekom, stated that he is committed to intensifying the expansion worldwide of the company.

Strategy & planning, Telecommunications, Planning, Abstract, Deutsche Telekom AG

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MobilCom stock falls 12% after firm cancels bid

Article Abstract:

German telecommunications company MobilCom AG withdraws its offer to acquire o.tel.o Communications GmbH and suffers 12% drop in its stock price. Mannesmann Arcor will now acquire o.tel.o Communications.

Comment:

MobilCom AG withdraws merger offer to o.tel.o Communications.

Asset sales & divestitures, Acquisitions & mergers, Wired Telecommunications Carriers, Telephone Communications, Securities prices, Mergers, acquisitions and divestments, Telephone services, Securities, MobilCom AG, Mannesmann Arcor Aktiengesellschaft und Co., o.tel.o Communications GmbH and Co.

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